Pegasus Solutions Expands Technology Leadership

22 January 2004

Pegasus Solutions has announced the appointment of John F. Cole as chief information officer. In this position, Cole will oversee the entire spectrum of information technology for Dallas-based Pegasus Solutions. The company also announced the newly created position of chief technology officer, to be filled by Frank L. Day.

Cole brings more than 20 years of information technology experience to Pegasus Solutions. Most recently, he was vice president of technology for JPMorganChase. Before that, he was assistant vice president of technology services for Sprint, where he grew that organization from 600 to 1,200 developers across the United States. Cole’s organization at Sprint was recognized as one of the “Top 10 IT Innovators” by InfoWeek in 2000. Cole also has held senior leadership positions at Banc One, First Tennessee Bank and Ernst & Young.

Filling the new CTO position, Day will report directly to Cole. Day has a 25-year record of successfully managing operations, information technology and strategic planning at companies including Verizon Information Services, EDS and Sprint. As CTO of Pegasus, Day will be responsible for development and delivery of quality commercial products for Pegasus’ travel industry customers.

“We are catapulting our entire technology organization to new levels with the addition of John Cole and Frank Day,” said John F. Davis III, chairman, chief executive officer and president of Pegasus Solutions. “John’s proven ability to introduce and deliver new technologies, including mission-critical systems, was key in our decision to hire him. These appointments signify our commitment to putting the right people in place to execute our business plan.”

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Cole holds a master’s degree in systems science from Michigan State University, and he sits on the International Board of the Society for Information Management. He is based in Dallas at Pegasus’ headquarters. Day holds a bachelor of business administration degree in accountancy from the University of Memphis and is also based in Dallas.

In other executive changes, Mark C. Wells, executive vice president and chief operating officer, is leaving Pegasus to pursue other professional opportunities. Wells served as a member of the Pegasus Board of Directors for four years before he was hired in January 2000 as executive vice president of hospitality. In January 2001, Wells became president and COO of Pegasus’ Utell division. Wells was promoted to his current position in December 2002.——-